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Freshwater Investments Acquires Seattle Community
The Stinson Apartment Homes sold for $16.8 million. The community last traded in 2015, when Fowler Property Acquisitions purchased the asset for $10.6 million.
Home Leasing, CPC Open $18M NY Apartments
The 72-unit Charlotte Square at the East End is the first of three new developments in Rochester. Construction on phases II and III are anticipated to begin in the fall of 2017.
South Phoenix Community Changes Hands for $12M
Cushman and Wakefield brokered the sale of La Reserve on 45th, a 301-unit property in the Maryvale neighborhood. A joint-venture purchased the asset from CEG Operating Partners.
Balfour Beatty Snags Suburban Atlanta Assets
The Evergreen portfolio consists of three gated communities that will undergo a series of capital improvements, including exterior and interior upgrades.
Georgia Apartment Community Sells for $28M
Cushman & Wakefield’s Robert Stickel worked on behalf of the seller, H. Katz Capital Group Inc., in the disposition of the property.
Electra America Acquires 2nd NC Community
The 300-unit Raleigh property will be rebranded Level at 401 and undergo common-area, apartment renovations and upgrades.
San Antonio Project Lands $19M Construction Loan
The 192-unit Valencia Lofts in Leon Valley will comprise 14 two-story townhouses with one-, two- and three-bedroom units. The developer is a joint venture between Davila Construction and Loft Concepts.
MG Properties Snags $134M San Diego-Area Community
HFF marketed the 410-unit property in Vista, Calif., exclusively on behalf of Trammell Crow Residential and its joint venture partner.
Phoenix Community Sells for $30M
Berkadia represented the seller, a subsidiary of Evergreen Development Co., which sold the 152-unit property to Pure US Apartments REIT.
Miller Construction Completes $21M FL Community
The 40-unit Sereno at Bay Harbor Islands was co-developed by Integra Investments and 13th Floor Investments. Designed by Corwil Architects, the property features a curving structure to maximize waterfront views.